RNC finances suffer from loss of major donors
The Washington Post ^ | Thursday, January 13, 2011; 8:36 PM | T.W. Farnam
Hundreds of major donors have abandoned the Republican National Committee, leaving it $20 million in debt and threatening its future as a central player in the 2012 presidential election.
The RNC raised just $7 million from major donors for the midterm elections, one sixth as much as it brought in for the previous midterms, in 2006. By contrast, the Democratic National Committee raised $38 million from large donors for last fall's midterms, three times as much as for the 2006 elections, according to a Washington Post analysis of donor records.
On Friday, when RNC members gather at National Harbor to select a chairman, they will meet under the shadow of the committee's finances, which are in worse shape than at any time since the Federal Election Commission began keeping records 35 years ago.
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